Housing Value
Photo Credit: Chappy Achen
Median Value of Owner-occupied Housing Units
Summary: The median value of owner-occupied homes in Red Wing, at more than $224,800, is lower than Goodhue County and Minnesota.
Details: The Census designates this value based on the Census respondent’s estimate of how much the home would sell for. The median value is defined as the middle of the distribution, with half of the homes valued higher than this amount and half the homes valued lower.
Source: US Census - American Community Survey, 5-Year Estimates (2009-2013, 2014-2018, 2019-2023)
Median Sale Price of Homes
Summary: The median sale price of homes in Goodhue County, is more than $300,000. This is more than a 32% increase since 2020. Median sales price has followed Minnesota’s trend of increasing every year, other than the dip in 2023.
Details: The median sale price of a home is the dollar amount in the middle of the distribution, with half of the homes being sold at a higher amount and half of the homes being sold at a lower amount. Data is only available for Goodhue County and Minnesota.
Source: Minnesota Association of Realtors
Percent of Original Asking Price Received at Sale
Summary: Goodhue County residents selling their home in 2024, received 97.9% of the asking price. This is down slightly from 2022 but is consistent with 2023.
Source: Minnesota Association of Realtors